The transaction would be the eleventh such spinoff for the media giant.
The job cuts could affect about 20% of its staff in Europe. The United Kingdom and Germany would be the hardest hit, says Bloomberg.
“The work we’ve done to prepare for the spin shone a bright light on operational inefficiencies and areas for improvement.”
Separating the intelligence and customer engagement businesses "at this stage of their evolution will allow each to unlock its full potential."
“We are not pleased with the third-quarter results and are focused on aggressively addressing operational issues," the struggling retailer says.
The surprise resignation of CEO Art Peck has Wall Street "wondering whether the split could be delayed or abandoned altogether."
Ironwood Pharmaceuticals is in the black for the first time thanks to its complex spinoff of pre-commercial drug development programs.
"It’s clear that Old Navy’s business model and customers have increasingly diverged from our specialty brands over time."
An extensive study counterintuitively reveals that a majority of divestitures are accompanied by lagging stock performance for the divesting firm.
The speech-recognition specialist is focusing on its “core growth opportunities” in the healthcare and enterprise segments.
Tarek Robbiati — " a visionary leader and a pragmatic business operator" — replaces Tim Stonesifer at the HP spinoff company.
The decision to spin off Wrangler and Lee into a separate company reflects VF's strategy of focusing on active-lifestyle brands such as The North Face.
